Description
The State Fiscal Accountability Authority (SFAA) of South Carolina is establishing a Qualified Provider List (QPL) of licensed adjusters to provide property and casualty claims adjusting services for the State Insurance Reserve Fund on an as‑needed, fixed‑price basis. Adjusters will be assigned individual claim files, conduct investigations, prepare estimates, negotiate settlements, and submit required status reports. The contract is a one‑year base term with up to four one‑year renewal options, and rates are capped (e.g., $85 per hour for adjuster time).
• Scope: Perform property and/or casualty claim investigations, documentation, and settlement negotiation for state‑funded insurance claims.
• Requirements: South Carolina adjuster license, use of approved estimating software (for property), insurance coverage (CGL $1 M per occurrence, etc.), and compliance with reporting timelines.
• Compensation: Fixed unit rates (e.g., $85/hr, $60 per file, 20% secretarial fee up to $225/file) with reimbursement for documented expenses.
• Contract length: 1‑year base, renewable up to a total of 5 years; no guaranteed minimum volume.
• Submission: Online via the SC procurement portal (SCEIS) by 01/24/2023 11:00 AM; pre‑bid conference optional on 12/01/2022.